Which of the Following Statements Is True

question 1

Multiple Choice

Which of the following statements is true?

• A)Minors who have lied about their age can disaffirm their contracts.
• B)A comatosed person is regarded as legally having the capacity to contract.
• C)For a person adjudicated insane,his/her personal representatives cannot ratify the contract.
• D)People who regain their mental capacity can ratify their contracts.

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Definitions:

Subsidy

A financial contribution granted by the government or a public body to help an industry or business keep the price of a commodity or service low.

Marginal Costs

The increase in cost resulting from the manufacture of one additional unit of a good or service.

Decreasing Costs

Situations in which costs diminish as the level of production or scale of operations increases.

Efficiency

The extent to which time, effort, or cost is well-used for the intended task or purpose.